Elite Pharmaceuticals Inc (ELTP)

[toofun]

Nasdaq, I have to admit I was checking into the .Gov site regularly because in my mind the fulfillment of this particular milestone ( starting P3) was the signal that Elite whether bought out, "going it alone" or partnered is about to reenter the world of credibility in the pharma industry. The ground floor of which should be the valuation that Nasart himself was mystified as to its absence (several CCs ago). To paraphrase he said if we were a R&D company we would be valued much greater than we are now as a small generic pharma company (perception). Now as I see it we have taken the first step in uniting both business models into a single viable company. Years ago Elite was what 22 dollars? Based on what exactly? Well, it doesn't matter we are back in the saddle with products, management and and a balance sheet which will surpass anything in the past. Is the risk completely gone well no but at this point it is well worth taking. I was getting very anxious but today I am much relieved. Now we need a successful P3. Ha.